How an accountant in Atlanta, Georgia can change the future of your business.
Are you on the fence about hiring an accountant in Atlanta, Georgia for your small business? There might be some reasons you are holding out, but there are so many benefits, it’s worth taking a look.
Accounting for Your Start-Up Business
If you’re still in the start-up phase of your business, now is the perfect time to bring an accountant into the mix. Having them onboard from the beginning can help you build the financial foundation that can help pave the way to your success.
They can help you with your financial analysis and your business plan, they can assist in getting all of your accounting software set up properly, they can help you determine the best business structure for you and your company, they can ensure that you’re procedures are in compliance with government regulations, and they can guide you in how to properly track your personal and business expenses.
Minding the Books of a Growing Business
Once your business is up and running, your need for an accountant is just getting started. Hopefully your business will start with a bang and you’ll have plenty of financials to keep track of.
Some of the things an accountant can take off your plate include payroll, daily bookkeeping, financial statements, oversee billing as well as accounts receivable, payment preparation for cash disbursements and vendor payment, and keeping track of all purchases and procurements.
No matter how small your business is, these are tasks that you should put in the hands of an accountant so you can spend your time focusing on your business and your products or services.
Your Accountant’s Value Grows with Your Business
As a business owner, getting started is a huge undertaking, but what about thriving and growing? You can’t sit still and expect your business to go gangbusters. Planning for the future is key to business growth. An accountant is more than a glorified bookkeeper.
The right accountant can help you plan for the future in many ways. They can analyze profit and loss statements and help you make decisions that will protect your investment while allowing for movement with the right purchases and overhead expenditures. Making business decision with your finances in mind is the only way to make sound ones that will benefit your business in the long run.
The Tax Man Cometh
As a business owner you must get your taxes done right and on time. There’s nothing that can hamper your business like a tax lien. Do you want to do them yourself? Do you feel confident that you understand all of the changes and updates to the tax laws in recent years? If you’re like most people the answer is no. Even those that don’t own a business don’t trust themselves to do their own taxes, why would you want to take a stab at doing business taxes? This is one of the main reasons you want to hire an accountant.
Getting your taxes done based on all of the reports and financial information gathered by your accountant over the year is the key ingredient to accurate taxes that allow you to take advantage of the tax breaks you can legitimately take as well as ensuring you’re in compliance.
It’s easy to understand why business owners want control over all things associated with their investment, but there are so many good and compelling reasons to outsource your financial maintenance, not the least of which is to make your life easier and allow you the time to focus on your business.
Learn more about how hiring an accountant in Atlanta, Georgia can help your business, and download a free report on maximizing your use of QuickBooks here.